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Overview This page contains the latest international trade data for Arkansas. In November 2023 Arkansas was the number 39 in total exports and the number 41 in total imports in United States.

Exports In 2022, United States' Arkansas exported $5.88B, making it the 39th largest exporter out of the 53 exporters in United States. In 2022 the top exports of Arkansas were Other Aircraft parts ($883M), Cotton, not carded or combed ($343M), Rice, semi-milled or wholly milled ($220M), Fertilised Domestic Eggs ($211M), and Munitions of war, ammunition/projectiles and parts ($183M).

Imports In 2022, United States' Arkansas imported $7.56B, making it the 41st largest importer out of the 53 importers in United States. In 2022 top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($652M), Fixed wing aircraft, unladen weight 2,000-15,000... ($329M), Commodities not specified according to kind ($225M), Road tractors for semi-trailers, with only... ($186M), and Cargo containers ($137M).

Economic Complexity In 2022, the highest complexity exports of Arkansas according to the product complexity index (PCI) are Metalworking Machines (1.99), Cermets (1.96), Tool Plates (1.7), Flat Flat-Rolled Steel (1.46), Organo-Sulfur Compounds (1.32), Motor-working Tools (1.28), Enzymes (1.16), Other Hand Tools (1.07), Rubber Sheets (0.99), and Large Construction Vehicles (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)Canada$1.44B
Top Product (2022)Other Aircraft parts $883M

In 2022 the top export destinations of Arkansas were Canada ($1.44B), Mexico ($1.03B), China ($375M), United Kingdom ($246M), and Netherlands ($211M).

In 2022 the top exports of Arkansas were Other Aircraft parts ($883M), Cotton, not carded or combed ($343M), Rice, semi-milled or wholly milled ($220M), Fertilised Domestic Eggs ($211M), and Munitions of war, ammunition/projectiles and parts ($183M).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
Canada $54.2M (44%)
Venezuela $8.36M (0%)
Mexico $6.93M (7.09%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
Netherlands -$32.4M (-75.2%)
China -$12M (-31.4%)
Haiti -$10.2M (-99.8%)

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Yearly Imports

Color
Depth
Top Origin (2022)China$1.43B

In 2022 the top import origins of Arkansas were China ($1.43B), Canada ($1.06B), France ($1.05B), Mexico ($993M), and Germany ($317M).

In 2022 the top imports of Arkansas were Fixed wing aircraft, unladen weight >... ($652M), Fixed wing aircraft, unladen weight 2,000-15,000... ($329M), Commodities not specified according to kind ($225M), Road tractors for semi-trailers, with only... ($186M), and Cargo containers ($137M).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Mexico $12M (16.5%)
Denmark $6.98M (1.6k%)
Sweden $5.88M (892%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
South Korea -$12.8M (-82.4%)
Italy -$7M (-31.7%)
Vietnam -$6.42M (-53.3%)

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Economic Complexity

Economic Complexity of Arkansas

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Economic Complexity (2022)0.13

Arkansas ranks 42nd out of the 53 states and territories in United States according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Arkansas already has a comparative advantage, are led by Refined Petroleum (0.17), Cleaning Products (0.17), Scrap Lead (0.17), Fermented Milk Products (0.17), and Rough Wood (0.17).

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Most Complex Products by PCI

The highest complexity exports of Arkansas according to the product complexity index (PCI) are Metalworking Machines (1.99), Cermets (1.96), Tool Plates (1.7), Flat Flat-Rolled Steel (1.46), Organo-Sulfur Compounds (1.32), Motor-working Tools (1.28), Enzymes (1.16), Other Hand Tools (1.07), Rubber Sheets (0.99), and Large Construction Vehicles (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Phenol Derivatives (193.34), Eggs (152.94), Explosive Ammunition (80.93), Rubber Sheets (80.08), and Raw Cotton (67.18).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Arkansas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Arkansas. These are products that tend to be co-exported with the products that Arkansas exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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